The cost of goods sold for McPherson Fashions is $360,000. The beginning inventory for the firm was $20,000. Twelve months later the ending inventory was $40,000. What is the firm's inventory turnover?
A) 6 times a year
B) 9 times a year
C) 12 times a year
D) 18 times a year
E) 24 times a year

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The Answer of The cost of goods sold for McPherson Fashions is $360,000. The beginning inventory for the firm was $20,000. Twelve months later the ending inventory was $40,000. What is the firm's inventory turnover?
A) 6 times a year
B) 9 times a year
C) 12 times a year
D) 18 times a year
E) 24 times a year

The Cost of Goods Sold for McPherson Fashions Is $360,000